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Us 20, Michigan 10, California 9, Los Angeles 9, Romney 6, Chicago 5, Casey 5, Fred 5, Mariah 5, Subaru 4, Cnn 4, Maryland 4, Aclu 4, At&t 3, Jessica 3, Fredericka 3, America 3, New York 3, Leo Mccarthy 2, Tonito 2,
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  CNN    CNN Newsroom    News/Business. Latest on the day's top news stories  
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    October 13, 2012
    12:00 - 1:00pm EDT  

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she's my friend in the classroom. >> we're all a big family. it's really cool. >> reporter: after a few moments on her throne, it was back to business. the queen did have a message to for her fellow students. >> thank you for your support. >> that is great. i love her in her tiara talking about football. that's cool. >> i love those tom boys. >> we'll hand it off to you. you have yourself a great afternoon. >> you, too. i know you're a tom boy. going to hit the tennis courts this afternoon. >> i'm going to take off my tiara and play tennis. let's talk about something randi's been showing you all morning long. the shuttle has traveled 122 miles on the street and now to the shuttle "endeavour" logging its last few miles on the streets of l.a. huge crowds are turning out to see the retiring spacecraft winding its way through the
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city, so its final resting place, the california science center. john zarrella and casey wian are covering this story from different vantage points. we'll start with you, john. you're at a staging area where the shuttle is stopping for a public ceremony. some might argue that it seemed like it was at a standstill, going just 2 miles per hour. now it really has stopped, putting the brakes on for this ceremony. >> absolutely. they got here quite a bit early today, ahead of schedule. they've been sitting here a lot longer than they had anticipated and expected. we are at the old forum where the los angeles lakers used to play a little basketball back in the day before they moved. and you know, it gave an opportunity for thousands of people in the englewood area to come out and see the space shuttle. they had a marching band here. they've had music playing. "endeavour" has been sitting there for the better part of an hour. a lot longer than we had anticipated, fredericka. and i am joined by stephanie
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stillson who works for nasa and has been in charge of preparing all three of the space shuttle orbiters for their retirement. and stephanie, just a great reception from the people in los angeles. right? >> absolutely. from the minute we got here, prior to offloading, before the "endeavour" even got here, great support from the folks at los angeles international airport and the surrounding communities. it's been very welcoming. >> reporter: from your perspecti perspective, the shuttle retiring like this, there had been concerns because of the close quarters. there's areas where there's not much clearance. >> very true. in fact in some cases it's about an inch from wing tip to wall along the way. that's why we're using these special motorized transporters along the way. it allows precise movement, very slow, we don't go more than 2 miles per hour anywhere along the route and much slower in the tight areas. the lowest clearance, 59 feet, a power line, a tag line. we're at 56 feet at the top of
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the vertical stabilizer. cleared it no problem but we were watching and going slowly along the route. >> i bet you were. we'll watch all day, as it moves from here, fredericka, about six more miles to go until they get to the california science center. from here they go to a local mall where there's another event plan. what an amazing opportunity the folks in the los angeles area have had to see the spacecraft going down the streets of l.a. really an outpouring here from the people that none of us really expected, just tremendous pout-- outpouring from these folks. >> keep us posted throughout the afternoon, casey wian also out there in los angeles awaiting the arrival of the space shuttle where another vantage point for folks to see it up close and personal. casey?
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>> reporter: fredericka, this is about as close as you are going to get. >> there you are. you're right there. >> reporter: to move the shuttle -- >> oh, no. all right. we're going to have to try this again when we have another signal. another shot at a better signal to get casey wian who is -- okay, let's try it again, casey. okay. we're not able to hear him. you can see him. he really is in the shadow of the space shuttle "endeavour." what an incredible sight and vantage point. we'll try to re-establish a connection with him about this historic movement for the space shuttle, of course it's parked right now. it will be continuing to move its 2 miles per hour in order to make it to the california science museum. it's travelled in all, 122 million miles in space and now making yet another trek before it meets its final resting stop. of course, you can continue to watch the progress of the shuttle. we'll keep a shot right there on
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the bottom of your screen there to follow the shuttle's movements. of course you can also watch it on cnn.com live stream as well throughout the afternoon. colorado now. there's a manhunt on for a killer of a 10-year-old girl. police say they have found the body of jessica ridgeway. she was reported missing a week ago. jessica was last seen leaving school -- leaving for school, that is. an fbi spokesperson says they will not rest until jessica's killer is caught. as for the community, they will come together for a balloon release later on this afternoon to celebrate young jessica's life. on to pakistan now. three more suspects are under arrest in connection with the shooting of a teen activist. already over 100 people have been detained in that attack. the young girl is fighting for her life in a hospital. shot by taliban for speaking out for her right to go to school,
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supporters gathered all over pakistan to pray for her recovery. back in the u.s. now, a troubling incident at president barack obama's campaign office in denver. police say a shot was fired at the office yesterday, shattering the window. people were inside the building at the time but luckily no one was hurt. police say they don't have a suspect yet but they are investigating a possible suspicious car last seen at the scene. the aclu says some students in a michigan school district are not reading at grade level. so that group is now suing the state and education leaders. our legal guys will have an opinion or two on this one. [ ryan ] it doesn't get any better than endless shrimp at red lobster.
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this is the only place you can see it, right now live pictures of the space shuttle "endeavour." we're talking about a shuttle that flew to space 25 times, now making its final journey, a 12-mile trek through the streets of los angeles. right now it's parked for a special ceremony taking place. but people of all shapes and sizes have come out with their cameras to take a quick picture of the space shuttle as it makes its way to the california science center. it is stopped now. when it good get moving it only travels about 2 miles per hour. it took all of these flights between 1992 and 2011. and now making its way to the final resting stop at the california science center. you can watch it, of course, at the bottom of your screen. we'll have a box that will show you the action or lack thereof throughout the afternoon and cnn.com as well. keep a close watch on that. on to michigan where
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highland pshg, near detroit, used to be a vibrant community. now the former home of chrysler where unemployment is 27, more than 40% of residents live below the poverty line. when it comes to education, the children are being shortchanged. it is so bad, one school district, highland park is being sued by the aclu. poppy harlow explains. >> reporter: woodward avenue, home of the model t and once the pride of highland park, michigan. now home to one of the worst performing school districts in the state. >> everybody's pointing their fingers at everybody else and nobody wants to take responsibility. >> reporter: the aclu of michigan is suing, claiming the district hasn't delivered on what state law requires. special assistance for students not reading up to grade level. >> we felt that at this point given the dire conditions that a lawsuit was going to be the only route that would get everybody who needs to be at the table at the table, working together.
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>> reporter: we went to see for ourselves. >> what i'm doing is the basics, nobody will be behind. >> reporter: just 25% of 7th graders in this district met state standards for reading last year. and only 7% for math. and it gets worse. in 11th grade, only 10% scored proficiently in reading and less than 5% in math. what do these kids deserve? >> equality. fairness. >> reporter: are they getting that? >> no. >> reporter: this teacher taught sixth through twelfth grade. she says last year 65% of her students had fallen behind academically. >> some of their performances were below grade level. and the means were not there to bring them up to grade level. such as counseling, intervention. this just didn't happen yesterday. >> reporter: the lost opportunities bring her to tears.
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>> every child can and will learn if they're provided with the right opportunities. i just don't think they get that. i don't think it's fair. >> reporter: no plaintiffs in the lawsuit were willing to be interviewed. few families with failing children would talk to us. but then we met a frustrated grandmother. >> i went to the school, they told us he was reading at a third grade level but they're passing him on, still passing him on. >> reporter: her grandson, freshman garrick lee stevens. because he has a learning disorder, the aclu lawsuit would not apply to him. >> from an academic perspective there have been deficiencies. >> reporter: like 0% college readiness on the a.c.t., despite funding of more than $14,000 per student, among the highest in the state. joyce parker is tasked with improving the district.
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where does the money go? because i know there aren't enough books for all the kids to take home their books. >> in terms of overall administration, the district was not managed properly. >> reporter: she hired charter school operator, the leona group, to try to fix things. >> see you tomorrow. >> what they can expect from us is student achievement. they can expect to see student growth. >> reporter: none of the michigan schools operated by the leona group rank in the top 50% statewide. the leona group has only just taken over this system, which has been ailing for years. >> are kids getting sold short here. >> definitely. >> reporter: 1997 graduate keith blames the district for leaving him unprepared for the university of michigan. >> i didn't have the core concepts in place to achieve in math or to write a great paper. things i should have learned in elementary school and high school. it continuously breeds a population of people that aren't
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prepared for the world. >> reporter: the state of michigan has moved to be dismissed from the lawsuit, acknowledging the school district is in terrible shape. but arguing a lawsuit is not a path to literacy. poppy harlow, cnn, highland park, michigan. we'll talk much more about this case with our great legal minds. they're on standby, ready to go on this one. we'll be right back.
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love. it's what makes a subaru, a subaru. all right. before the break, we were talking about the aclu suing a michigan school district for failing to teach most kids to read at their grade level. richard herman in new york, joining us from las vegas. >> hi, fredricka. >> this is heartbreaking, especially to hear the testimony of young kids who say they feel like the school district failed them. we're talking about highland park school district being under fire for having too many kids not meet literacy standards. so i wonder, avery, how will the aclu try to establish if there
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is intent or willful negligence as it per tens to these kids not being able to read more proficiently? >> well, i love this case, fredericka. this is such a creative piece of litigation. and they're basically saying there's a constitutional right to literacy. and they derive that by saying if the public provides for public education, that assumes when you send children to school that there will be research-based teaching. there will be objective standards and measuring for literacy. the brilliance of this lawsuit is recognizing that the state hasn't done it. what they'll have to do. it's not a matter of money. in highland park, fredericka, they play 14 to $16,000 a student, a pupil, among the highest expenditures in the state. so what the aclu wants is for the court to say, yes, there's a constitutional right to
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literacy, let's use science, let's use objective standards. that should make a difference. that's the assumption that the case makes. >> and so richard, it's not an issue of money. it's not an issue of the state of economics but is there intent or will the aclu try to establish that there is intent, there is an effort that this school district is making to fail its students? >> i think the aclu is going to establish how utterly incredibly devastating this program is. these students are getting annihilated, fred. i like how the school district says we're going to move for dismissal. we recognize there's a problem but the courts aren't the way to solve it. the courts, unfortunately, are the only way to solve it right now. nobody's standing up there and doing the right thing. when less than 10% of your students in middle school and high school graduate on proficient levels, i mean, come on.
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these students are not going to get into colleges. if they do get into colleges they're not going to be able to handle the workload there. avery talks about amount per student they spend. >> you need objective standards. you can't just say, well, that's the way it is, it's terrible. it's not money. it's idea of creating science-based teaching, a wonderful idea, to make people accountable. that's what the power of this lawsuit is all about. it's an extraordinary thing and a wonderful thing to happen. >> fred, it will open up -- >> the state school board hasn't done it. there's no alternative to this. >> the state of michigan has been moved to be dismissed from this lawsuit, acknowledging that the school district is in, quote, terrible shape but arguing that, quote, a lawsuit is not a path to literacy. so it will be interesting to see where this goes, especially without the state's participation in all of this, gentlemen. >> that's not going to be
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dismissed, fred. it's not going to be dismissed. >> you don't see the court accepting that motion? >> that's right. >> let's move on to another case. i know you all can tackle this one. this involving a chicago mother, her football playing son and taking on the chicago public schools. darrien boone, a quarterback for the high school football team has a frightening brush with death being held up near his school. his mother, beverly boone says i'm taking my kid out of this school, moving him to a vocational school and hoping that he can continue to play football but the chicago school district says he's ineligible to play. for how long would he be ineligible or is there something wrong with that decision by the chicago school district? >> you know, fred, high school football's gotten so big and what's happened is sometimes students are changing schools in order to get a starting position at a particular high school.
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they're shopping, high school shop for football. that is a problem prevalent throughout the united states. so these school districts enact these laws that require the students when they transfer in the same school district area, they have to sit out a year. that's usually what it is. it's like that way all over the country. here, this young man transferred two different high schools in that jurisdiction and school says, look, you can't play. there are hardship appeals that can be filed. the schools do not compete against each other. he left it because he was held at gunpoint. better reason to l school? i think in the end he'll be able to play. >> avery? >> there's a missing piece here. how come mom didn't go to the district and say, we face this life-altering violence so we have to change. petition the school district before you unilaterally make the decision to move. as of yesterday, by the way, the chicago public schools have a
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brilliant new superintendent, barbara bird bennett. she's fabulous. a superintendent in the district will take a look at this, they're facing a potential temporary restraining order. i actually think that the family has a chance at getting this transfer approved. but richard's right. the fact is some kids transfer just to increase opportunities for football opportunities. this is a legitimate one. i think the boone family will prevail in the case. >> this constitutes that hardship appeal. all right, gentlemen, thanks so much. >> yes. >> more from you in about 20 minutes. the maryland mcdonald's worker who insisted she won that mega millions jackpot but that she lost her ticket. well, her co-workers haven't forgotten this case. they have a beef with her that they want to set until court now. we'll see you in 20. five years ago this month, a montana father lost his daughter to a drunk driver. well, now he has set out on a mission to protect all children
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of his community from the same fate. meet cnn hero leo mccarthy. >> reporter: october 27th, 2007 was a beautiful autumn day. mariah was with her two friends. i didn't know the last time i kissed her would be my last time. later that night, they were walking down this path when an underage drunk driver swerved off the road and hit them. mariah landed here. she died that night. they were only a block away from my house. mariah was only 14 and i'm thinking, how did this happen? it is so preventible. my name is leo mccarthy. i give kids tools to stay away from drinking. our state has been notoriously top five in drinking and driving fatalities in the country. the drinking culture, it's a cyclical disease that we allow
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to continue. mariah's challenges, be the first generation of kids to not drink. in the eulogy, i said if you stick with me for four years, don't use alcohol, don't use drugs, i'll be there with a bunch of other people to give you money to go to i apostsecondary school. >> i promise not to drink until i am 21. >> i promise not to get into a car with someone who has been drinking. >> i promise to give back to my community. >> i think mariah's challenge is something that makes people think a little bit more, to say we can be better. mariah's forever 14. i can't get her back but i can help other parents keep their kids safe. if we save one child, we save a generation. >> incredible. i'll be talking to leroy mccarthy about his mission in our 3:00 eastern hour. he's one of our top ten honorees eligible to become cnn hero of the year. cast your vote at cnn heroes.com.
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the winner will receive $250,000. the two men running for the white house have answered questions about taxes, foreign policy, but they answered some pretty unconventional and revealing questions as well to "reader's digest." we'll have the xup on that. if you're leaving the house right now, just a reminder, you can continue watching cnn from your mobile phone or laptop. just go to cnn.com/tv. now, that's what i call a test drive.
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welcome back to the newsroom. it's half past the hour. shuttle "endeavour" making its way through 12 miles of los angeles. except right now. it's at a standstill as it eventually makes its final journey to the california science center for all to see. folks taking pictures, enjoying the sights of this shuttle that's traveled over 100 million miles in space. watch it at the bottom of our screen as you watch us or go to cnn.com/live as well. all right. so what's president obama's
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favorite word? and what's mitt romney's best joke? well, these are just kinds -- some of the offbeat questions that "reader's digest" editor asked each of the candidates. as they sat down for an unconventional kind of interview. i asked liz what was the most surprising thing she learned about each of the men running for president. >> i was surprised at the president, first of all. we conducted the interview in the oval office. here he is at the apex of the world and he takes half an hour out of his day and was in the moment and revealing and warm and engaging and able and willing to tell very revealing stories about his emotion. and his memories. and then governor romney by the same token, i thought he'd be a little more stiff and guarded. while some of his answers were shorter, he also was very -- he would light up. there was a glint in his eye whenever he talked about his family.
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his wife or his 18 grand children, there's a twinkle there in the eye you cannot fake. that was surprising and interesting to me. >> what was that all about? you even asked him about what mission he would set forth and if he would be thinking about his grand children if he had to make a decision as president about whether the country should go to war. >> right. >> did you feel like that was, you know, something close to his heart, that he would be thinking about his family members, thinking about his kids, the gravity of it all? >> he would. i asked both men that question. i asked president obama what did you say to malia and sasha the night osama bin laden was killed. he answered it in terms of how his children understood what the families of the victims had gone through. so he was able to sort of turn that experience and that evening at dinner with his children towards what it meant for the families. when i talked to governor romney about it, i said how would you
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explain the role of a president and how you have to make life and death decisions. you have to kill people when you're president. how would you explain that to your grand children? he went right to the place of, you know, it's a very high bar before i make that decision. you have to be sure of what you're getting into, what you're going to do, how you're going to succeed and get out. his answer was a little less personal than president obama's. >> you went into this interview, revealing to them this would be less about policy and yeshs and your platform and more about who you are as an individual. >> right. >> both were, you know, equally, i guess eager to reveal themselves in that way? >> they were. the questions -- one question is a good example. i said "reader's digest" has a favorite column called word power. mats yo what's your favorite word in any language? president obama thought for a brief moment and said grace. and he talked about life's graceful moments, the grace that we find within us.
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and it was just a lovely, you know, minute or two. i asked governor romney what his favorite word is. he didn't miss a beat and gave me a one word answer, indominable. i think it's an interesting juxtaposition, hearing the same questions answered by two different men in two different settings. >> you were able to get them to laugh a little bit. >> yes. >> try to remember or reveal the latest joke. i wouldn't be able to remember one if you put me on the spot like that. both of them came up with good material. >> they did. i said laughter's the best medicine. what's your favorite joke, tell it to me now. we have both jokes on the "reader's digest" site. you can vote on them. joke number one is i walked into a campaign rally of supporters and i turned to my wife and said did you ever imagine in your wildest dreams that i would be running for public office? and my wife turned to me and
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said, honey, you were never in my wildest dreams. so that's joke number one. joke number two is a 4-year-old walks into a room, sees a picture of the president on wall and the parent says, son, do you know who that is and what they do? the child looks and says, he approves this message. >> that's great stuff. >> you can read the full interview starting october 16th when that issue hits newsstands. if you want to guess which candidate told which joke, go to rd.com. a woman who says she received a tainted shot is suing over the meningitis outbreak even though she's not sure she has the fungal meningitis illness. our legal guys are standing by to weigh in on that case. is proven to quickly remove surface stains
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can you believe it's 24 days until election day. both candidates are business -- busy this weekend prepping for the next debate. the pressure is on president obama in particular to put on a strong performance next week after last week's critical debate reviews. how is he preparing? >> he's preparing by not taking anything to chance. it's not to say he did that in the last debate, of course. but his team is certainly aware that this time that they will have to come more passionately, harder, a little bit stronger in terms of making points, in terms of rebutting governor romney.
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president will be hunkered down today. williamsburg, virginia, a battleground state he hopes to win. would you won't see him today at all. on the other hand, mitt romney, you will see a little bit from him in two public events from him in ohio. in between that we're hearing he's having debate preps, too. fred? >> this is a big weekend for obama and romney to prep as much as they can. are we talking mock debate type of setups? >> yes. most of the debate preps that we have been hearing about have involved these very real life-like situations where they're actually sitting, you know, in the same kind of setup they will be sitting in the debate itself, with a mock moderator, questions, obviously. we anticipate there will be more of that this weekend for both men. advisers tell us that having those re-creating those natural settings makes them in the forum, in the arena, if you
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will, so they are comfortable with how they answer stylistically, substancewise as well. >> pressure's on. not the pressure on you but the pressure's on them. >> pressure is always on. >> thanks so much, shannon. a group has a beef with a co-worker who they say cooked up a scheme and made off with their lottery winnings. our legal guys will be weighing in on that one. [ male announcer ] whether it's kevin's smartphone... ♪ ...mom's smartphone... dad's tablet... or lauren's smartphone... at&t has a plan built to help make families' lives easier. introducing at&t mobile share. one plan lets you share data on up to 10 devices
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with unlimited talk and text. add a tablet for only $10 per month. at&t. add a tablet for only $10 per month. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this.
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♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. a woman in minnesota is believed to be the first to file a lawsuit in connection with that meningitis outbreak that killed 14 people. our legal guys are back, avery freedman in cleveland and
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richard herman in las vegas. sorry about that. good to see you guys again. all right. so in this suit, barbie pur ot alleges that she was injected with the medicine. she's not tested positive for fungal meningitis. >> she's trying to put a class-action suit together. 170 people are being treated as recipients of this tainted meningitis. 14 people are dead. in a case like this, fred, the plaintiffs' attorneys stand up in summation and ask the jury, we need to send a message to these pharmaceutical companies will be more cautious and treat their materials effectively. i mean, this is just an unbelievable situation. i don't know how these drugs could be tainted with meningitis which kills.
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so i think she's -- class will be certified and i think this pharmaceutical company, the future does not look very bright for them. >> what's interesting, too, avery, the symptoms according to the cdc are slow to reveal themselves. >> that's right. >> in a case like this where she is essentially awaiting result, she does say she was one of the 14,000 people forced to undergo a spinal tap and provide blood work. >> right. >> she's still awaiting the results of that, yet she has filed this suit, like richard said, in hopes that others will be part of this kind of class-action suit. is this a smart legal move to make? >> i think, not only is it a smart legal move, fredericka, i think it demonstrates that in a free society, the importance of the role of lawyers and the legal system when you have a cataclysmic case like this where you have 14 people dead, you have countless numbers of people month are now going to have to get painful spinal taps in order
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to test out whether or not that contaminated steroid is affecting them, potentially 12,000 people, this is a products liability case, a very important case. i think the best of what lawyers do in protecting the public. and so i think the class will be certified by the united district judge. we're going to see more federal lawsuits this coming week, fredericka. i think ultimately there will be a national class-action addressing the issue. some of the ex-employees, believe it or not, are surfacing. some are saying, look, we did it right. others were saying there were problems in how we manufactured and distributed. that's going to be important evidence in the case. we'll see as the case now moves forward in a class-action. >> we did reach out to the new england compounding center and it said we will refrain from commenting at this time. let's move on to another case. this one it maryland. perhaps you all remember a
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maryland mcdonald's employee who says, you know, she had the winning lottery ticket, mega millions ticket of $656 million. but instead of, i guess, carrying through a company pact where she and her other fellow employees at mcdonald's were to claim the winnings she made a deal with three other educators but it went back and forth, she didn't make the deal, et cetera. now those mcdonald's fellow employees have filed a suit saying we want our money. i think we first have to resolve, did she have the winning ticket, richard, or not? >> baltimore. that's where it took place, fred. they're a city of dreamers because the yankees ended that dream yesterday for them. >> watch it. >> right. i'm from new york, obviously. >> i'm from maryland. watch it. >> you're in vegas. >> i flew in yesterday.
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they are dreamers. they done the have any proof that she had the ticket. she certainly didn't cash it herself. nobody has seen the ticket. it's a great idea but you can make all these allegations for $130, anybody can file a lawsuit and make these allegations. you have to prove it. it's what you can prove. this group, they're disgruntled, they wish she had it. they can't prove it. if all of a sudden her lifestyle changes because she appointed nominees to cash in the ticket, obviously there will be an investigation and continuing lawsuit. right now, this case is going nowhere. >> really? avery, the attorneys -- >> like the orioles, it's over. >> oh, gosh. the attorneys representing the other mcdonald's employees are asking for bank records. they're not so convinced. they want to see she didn't deposit great sums of money into her accounts as well as these other educators. >> on top of that, i told you how proud i am of the profession
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in the first case. this is awful. this is a case where all they have to do is go to the lottery commission. the lottery has indicated three public school teachers have prevailed. they're saying that wilson made a secret deal with the teachers to pay them 1 million bucks so she can keep the dough. the lottery commission said, look, we have the records. we show the money's been paid to the teachers. really, this is the kind of case that may very well be sanctionable. if they can't show anything. i think this case is very problematic. i don't know where ms. wilson is coming from. she never had the ticket in the first place. now she's a defendant with these other workers. what a mess. >> what a mess. >> just awful. >> what a mess indeed. it's a terrible mess. all right, gentlemen, thanks so much. >> absolutely. >> always good to see you. we'll see you again for an encore performance later on in
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the day, in the 4:00 eastern hour. >> looking forward to it. it will be great. >> we have a bonus case you can tackle. >> right. >> i want you to know i'm getting boy vibes with you. >> are you feeling the boy thing? >> i'm feeling the boy thing. >> we'll see. we'll see. >> we'll see. >> a little brother. >> the forever tom boy in me, you know, it could happen. >> that's right. >> richard avery, thank you so much. see you in a few hours. putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now.
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is it time to scale back on stocks? wall street has had a pretty good year but no one wants to fall off a fiscal cliff come january 1. christine romans has this week's "smart is the new rich." >> reporter: in the stock market there are bulls, bears and scaredy cats. stocks are up this year, big time. the federal reserve is stimulating the economy, keeping interest rates super low. riskier assets like stocks and commodities have been rising. is the rally for stocks over? cnn money survived 37 investment advisers. most see the s&p 500 ending the year right here. what's the problem? >> we've got big, dark clouds ahead of us.
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>> reporter: america's fiscal cliff. europe's mess. china's slowdown. it's been a good ride. time for a pause. >> we expect somewhat of a flat year from here on out. >> reporter: next queer? >> the growth we'll see is nowhere near this. if you're a more conservative investor should you be considering not having so much in stocks in your 401(k). >> now could be a good time to change your overall profile and risk tolerance and become a more conservative investor. >> reporter: bulls say pause now and you're a fool. >> i'm definitely a bull in this market today. next year and the year after. >> i think the economics will change dramatically in about nine months. this should be a time where people should be buying, increasie ining risk tolerance, increasing exposure to the stock market itself. >> reporter: for the scaredy cats out there, you can expect virtually no return on your money sitting in the bank or in bonds. >> for the longer term, the average investor will need a
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much better return than the 0% or 1% or 2% they might get in bonds. >> reporter: bulls and bears agree. >> don't let the headlines drive you for your choices about how you invest. it's more about the long term and where you want to go and what type of portfolio you need to support you to get there. >> reporter: you won't get there if you don't know the login to your 401(k). christine romans, cnn, new york. smart is the new rich brought to you by ameriprise financial. find out more at ameriprise.com. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪
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it's on the move again after being parked for quite a bit of time. we're talking about the space shuttle "endeavour" now making its way through 12 miles of los angeles as it makes its way to the california science center museum where it will enjoy its retirement. and it will be on permanent display beginning october 30th. just some stats that you might appreciate. this shuttle is 78 feet wide. and it's five stories high at its tail, making it the largest object ever to move through los angeles. remember a number of trees had to be cut down in order to make room for this spacecraft to make its journey there through 12 miles of los angeles. casey wian has the best vantage point or has had one of the best vantage points. he's joining us right now on the
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phone. why was it parked so long, casey? >> reporter: well, the short answer, fredericka, if you get politicians in front of cameras. there were a lot of speeches here at englewood, california, people trying to talk about the importance of the space shuttle to their community and using this as an opportunity to celebrate. it just took a little bit longer with the speeches than organizers inspected. the shuttle is moving again on the last five miles or so of its journey towards the california science center. >> wow. last five miles. it's moving two miles per hour or so. along that remaining five miles, people are lined up to get their close-up, personal views? >> reporter: by the thousands and thousands. tens of thousands of people, you know, throughout this 12-mile stretch, have been out. that's probably being conservatiwa